Overview
The seminar aims at giving an overview of the SFC’s key initiatives and workstreams in relation to anti-money laundering and counter-financing of terrorism (AML/CFT), and some deeper insights into its current consultative proposals to amend the AML/CFT guidelines for licensed corporations.
Objective
By the end of the seminar, participants will be able to:
1. Keep abreast of the SFC’s key AML/CFT initiatives and workstreams
2. Understand the background and objectives of the key proposals in the SFC’s consultation to amend the AML/CFT guidelines for licensed corporations
Content Highlight
1. SFC’s AML/CFT initiatives and workstreams
- Overview of SFC’s AML/CFT initiatives and workstreams
- Follow-up actions identified in the Mutual Evaluation Report of Hong Kong
2. Public consultation on the proposed amendments to the AML/CFT guidelines for licensed corporations
- Background and objectives
- Some key areas of proposed amendments:
a. Money laundering and terrorist financing risk assessment of a securities firm and its customers
b. Cross-border correspondent relationships in the securities sector
c. Third-party deposits and payments
Who Should Attend
1. Responsible officers and licensed representatives
2. Manager-in-charge of AML/CFT
3. Money laundering reporting officers
4. Compliance officers
Instructor / Speaker
Mr Choy joined the SFC’s Enforcement Division in 1998 and was in charge of the Intermediaries Misconduct Team before he moved to his current position in 2017. Prior to joining the SFC, Mr Choy practised as a solicitor in Hong Kong.